Ressler notes that a recent study by Redfin shows that people are leaving high -
tax coastal markets such as San Francisco, New York, and Los Angeles in search of homes in more affordable metros with lower taxes, such as Sacramento, Phoenix, Las Vegas, and Nashville.
Not exact matches
He expects some REITs to begin de-emphasizing
coastal gateway
markets — many of which are in high
tax states that are set to experience diminished state and local
tax deductions — and to pivot toward lower
tax Sunbelt
markets.
Pricey U.S. housing
markets from the New York suburbs to California's
coastal cities could take a direct hit under the
tax - reform bill released by House Republicans.